Launched in 2010, the Partnership for Market Implementation (PMI) is helping to establish carbon markets in developing, emerging, and transition countries. Germany is one of the 12 donors to the Partnership. The World Bank serves as the secretariat. Guided by the needs of partner countries, the PMI applies a range of approaches, including the development of national emissions trading systems and new market instruments, such as new market mechanisms, CO2 emissions taxes, and national certification standards.
The PMI functions both as a dialogue forum for technical exchange and as a trust fund for the development, testing, and implementation of new carbon market instruments. Its work is also helping to establish systems for monitoring, reporting, and verification (MRV) of emission reductions, while expanding resources and specialized knowledge.
